Plan Ledger DOL Form 5500 · updated monthly

Avkare, LLC401(k)

AVKARE, LLC 401(K) PLAN · FOUNTAIN RUN, KY · plan year 2024

Reported admin expense ratio · 2024
0.26%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Avkare, LLC reported $24,624 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $3,401 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.40% to 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Kentucky (461st of 871), and 2,865th of 4,246 in wholesale trade. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 116 to 148 since 2022.

Plan summary
Net assets, end of year$10,359,826
Participants with balances132
Active participants148
Employer contributions$503,277
Employee contributions$905,246
Employer contribution per active participant$3,401
Average account balance$78,484
Benefits paid to participants$803,072
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 132 accts · $503K emplr
2023$8.5M · 123 accts · $411K emplr
2022$6.5M · 107 accts · $328K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,624
Total administrative$24,624
The Avkare, LLC 401(k) match · 2024
Employer contribution per active participant$3,401
Median for plans this size$1,313
2024$3,401 per active participant
2023$3,063 per active participant
2022$2,828 per active participant

Avkare, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$24,624
BENEFITS ADMINISTRATORS, LLC · Recordkeeping · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024BENEFITS ADMINISTRATORS, LLC, Transamerica
2023BENEFITS ADMINISTRATORS, LLC, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$24,624 · 0.26%
2023$31,207 · 0.42%
2022$26,795 · 0.40%
Same employer
Similar plansWholesale Trade · Kentucky
Creation Gardens, Inc. KY$13.5M · 0.80%
Hillsdale Furniture LLC KY$10.1M · 0.02%
Neat & Wilson, Inc KY$9.4M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 208622803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.